Short Interest in iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Increases By 73.7%

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 6,776 shares, an increase of 73.7% from the July 30th total of 3,900 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 16,167 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Self-Driving EV and Tech ETF by 5,617.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock valued at $1,841,000 after acquiring an additional 47,695 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in iShares Self-Driving EV and Tech ETF by 237.6% in the first quarter. Jones Financial Companies Lllp now owns 26,318 shares of the company’s stock valued at $769,000 after purchasing an additional 18,522 shares during the period. Susquehanna International Group LLP raised its position in iShares Self-Driving EV and Tech ETF by 21.2% during the 3rd quarter. Susquehanna International Group LLP now owns 53,033 shares of the company’s stock worth $1,945,000 after purchasing an additional 9,288 shares during the last quarter. Citadel Advisors LLC raised its position in iShares Self-Driving EV and Tech ETF by 7.8% during the 3rd quarter. Citadel Advisors LLC now owns 113,837 shares of the company’s stock worth $4,174,000 after purchasing an additional 8,214 shares during the last quarter. Finally, WealthSpring Partners LLC acquired a new position in iShares Self-Driving EV and Tech ETF during the 4th quarter worth about $214,000.

iShares Self-Driving EV and Tech ETF Trading Down 1.2%

iShares Self-Driving EV and Tech ETF stock traded down $0.43 during mid-day trading on Tuesday, reaching $36.46. The company had a trading volume of 9,156 shares, compared to its average volume of 30,004. iShares Self-Driving EV and Tech ETF has a fifty-two week low of $34.35 and a fifty-two week high of $45.64. The company has a market cap of $134.90 million, a P/E ratio of 11.61 and a beta of 1.27. The business has a fifty day simple moving average of $36.81 and a 200 day simple moving average of $39.43.

About iShares Self-Driving EV and Tech ETF

The iShares Self-Driving EV and Tech ETF (IDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap selected and weighted index of equities related to self-driving vehicles. IDRV was launched on Apr 16, 2019 and is managed by BlackRock.